https://www.youtube.com/watch?v=dtefc1KDY14 EUR BULLISH Fed easing will be more forceful than ECBImplied euro volatility has eased backThe net short position is the largest in three yearsThe euro is now about 23% undervaluedEuro money market rates making a floor.Outright forwards at attractive levels.TLTRO-III operations aimed to prolong existing liquidity supportHigher oil prices and the weaker euro will … Continue reading EUR/USD BULLISH & BEARISH BIASES

The U.S. dollar moved higher against a currency basket on Monday amid indications that global trade tensions are easing but gains were held in check by expectations for lower U.S. interest rates. Against a basket of six peers, the U.S. dollar index rose 0.3% to 96.871 by 04:17 AM ET (08:17 GMT), recovering slightly after ending with … Continue reading The U.S. dollar moved higher against a currency basket on Monday

- The U.S. economy created fewer jobs than expected in May and wage inflation unexpectedly eased, adding to speculation that the Federal Reserve will cut official interest rates for the first time in a decade. Nonfarm payrolls (NFP) rose by 75,000 in May, below consensus expectations for 185,000, according to official government data released on Friday. … Continue reading NFP disapoints Dollar bulls

Jobs report on watch for impact on rates The U.S. Labor Department will publish its monthly employment report for May at 8:30 AM ET (12:30 GMT) Friday. Analysts forecast that the U.S. economy created about 185,000 jobs in May, while the unemployment rate is expected to remain steady at 3.6%. Investors will keep a close eye on the data … Continue reading This Friday’s Market movers

The U.S. dollar was trading near one-week lows against a currency basket on Monday, with the yen and the Swiss franc, seen as safe havens in time of uncertainty, gaining ground as global trade tensions escalated. With the U.S. administration's combative stance on trade widening to countries beyond China, and with China threatening more countermeasures … Continue reading Dollar Near 1-Week Lows as Trade Tensions Escalate

With a quiet economic calendar, headlines surrounding Brexit and the ‘hunt for Britian’s next PM’ remain potential drivers for the British pound this week. The European elections didn’t make for the most exciting FX open we’ve seen of late, although equities across the region breathed a slight sigh of relief that populism hadn’t taken over. If there … Continue reading POUND RISKS

The dollar has ground higher, approaching the two-year high that it hit in April, amid fears that the trade war may evolve into a currency war. The dollar index, which measures the greenback against a basket of currencies, hit 97.968 overnight before retracing to 97.917. https://youtu.be/B5u4RwnLwPM Overnight, the dollar was stable against the Chinese yuan, but it … Continue reading Dollar Marches Higher

The euro bulls repelled the bears' attack yesterday though the bears are again making headway. Will they be able to break through today? The Philadelphia Fed Manufacturing Index surprised on the upside, lending support to the U.S. currency. Our short euro position became more profitable in return. How does our other open position do? Just great. We have … Continue reading Top 3 Currency Pairs Teeming With Profits

The Organization of the Petroleum Exporting Countries (OPEC) is expected to make a strong case to continue with production cuts in its monthly report due on Tuesday as dominant member Saudi Arabia shows it isn’t in any mood to give up the high prices it has worked hard to acquire since the winter. The International … Continue reading OPEC Oil Report Could Prompt More Cuts; Gold To Swing